Total monthly cost of ownership
Cost to Own a Home in Somerset, Pennsylvania
A $144,000 home here costs
$1,382per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $740. The real number is $642 higher every month — 87% more than the payment most buyers budget for.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Somerset against Somerset County and Pennsylvania
| Measure | Somerset | Somerset County |
|---|---|---|
| Median home value | $144,400 | $130,600 |
| Median property tax | $2,553 | $1,449 |
| Effective tax rate | 1.768% | 1.109% |
| Median gross rent | $673 | $749 |
| Population | 5,984 | 73,255 |
The weather behind that power bill
Somerset sits in Somerset County, which averages a high of 78.6°F in its hottest month and a low of 19.2°F in its coldest, with 41.26" of precipitation a year and 31% of it in a single three-month stretch. That climate drives 479 cooling and 6,324 heating degree days, which is what sets the $194 electricity line above.
See the full climate breakdown for Somerset County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Somerset County
Full Somerset County cost breakdown · Every county in Pennsylvania
Common questions
How much does it cost to own a home in Somerset?
A $144,000 home in Somerset, Pennsylvania costs approximately $1,382 per month with 20% down at 6.66%. That is $740 principal and interest, $212 property tax, $48 homeowners insurance, $262 utilities and $120 set aside for maintenance.
What is the property tax rate in Somerset?
Somerset has an effective property tax rate of 1.768%, based on a median home value of $144,400 and median real estate taxes of $2,553. That is higher than the Somerset County average of 1.109%.
What is the average home price in Somerset?
The median owner-occupied home value in Somerset, Pennsylvania is $144,400, against $130,600 across Somerset County.
Is it cheaper to rent or buy in Somerset?
Median gross rent in Somerset is $673 a month, against $1,382 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Somerset — US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance — NAIC average premium for Pennsylvania.
- Electricity price — EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate — Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.